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A Signal of Strong Short Term Demand in Oil Markets

A significant development this week is the increasing premium of spot prices over near-date futures, signaling strength in short term oil demand

Red seaDjibouti generalEnergy information administrationApril west texas intermediateTotalenergie port arthurEast tensionsIran aligned houthiMiddle eastPort arthur

NYMEX Overview : Crude and RBOB Move Higher; Distillate Prices Ease -- OPIS -February 21, 2024 at 12:45 pm EST

Crude and RBOB futures were moving higher Wednesday while ULSD prices were easing. At midday, April West Texas Intermediate was 51cts/bbl higher at $77.54/bbl and April Brent prices were up.

United statesRed seaDjibouti generalMichael kellyTom klozaApril brentDow jones coOil price information serviceEnergy information administrationWeekly petroleum statusApril west texas intermediateWeekly petroleum status reportEnergy informationGulf coastPacific northwestSan francisco bay area

NYMEX Overview: Crude and RBOB Move Higher; Distillate Prices Ease -- OPIS

Crude and RBOB futures were moving higher Wednesday while ULSD prices were easing. At midday, April West Texas Intermediate was 51cts/bbl higher at.

Red seaDjibouti generalUnited statesMichael kellyTom klozaApril brentOil price information serviceDow jones coEnergy information administrationWeekly petroleum statusApril west texas intermediateWeekly petroleum status reportEnergy informationGulf coastPacific northwestSan francisco bay area

ASX: Brambles leads sharemarket to 0 3pc rise; SQ2, MIN, PLS

The S&P/ASX 200 Index added 0.3 per cent to 7307 points; Brambles rose 7.5 per cent to $12.97 and Slater & Gordon 6.2 per cent to 60¢.

Western australiaSlater gordonBill evansPilbara mineralsApril west texas intermediateMineral resourcesAllegro fundsAustralian financial reviewStreet talk

Oil Markets Balance Fed Fears With Chinese Demand Optimism

Crude prices have gained almost 10% this week on the back of rebounding Chinese demand and a weaker dollar, but a hawkish Fed and rising U.S. crude inventories have capped gains

New yorkUnited statesJohn williamsJerome powellFatih birolEnergy information administrationInternational energy agencyChina oilFederal reserveIndia energy weekApril west texas intermediateSerious damageSyria oilBullish factorsFederal reserve chair jerome powellOil demand

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